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1941 Elmwood Ave,, Buffalo, NY, 14207

Take 5
$2,478,685

Key Information

Cap Rate
7%
Tot. SF
1,733
Year Built
2025
Term Remaining
±14.4 YRS
Type
Retail

Highlights

  • Brand new 2025 build-to-suit construction for Take 5
  • 15-Year absolute NNN lease with zero landlord responsibilities
  • 10% rent increases every 5 years for the entire term of the lease (base + options)
  • The property qualifies for bonus depreciation (consult with a tax professional for details)
  • Corporate guaranty from an experienced Take 5 Oil Change operator (±60 T5 locations& 245 locations across all franchise brands)
  • Well position along Elmwood Ave which sees nearly 40,000 vehicles daily (intersection of Elmwood and Hertel)
  • 5-Mile population of ±342,692 residents & 10-Mile population of 671,255 residents
  • Buffalo is the 3rd largest city in the state of NY and is home to the Buffalo Bills, Buffalo Sabre’s, and Bandits (Lacrosse)
  • Strong Guaranty from Purple Square Management Company, LLC – operates 245franchise locations across 15 states.
  • Purple Square is an operator of Take 5, Dunkin, Baskin Robbins, The Brass Tap, Popeyes, Rent-A-Center, Small Sliders, American Family Care and more.
  • Take 5 is one of the nation’s leading drive-thru oil change concepts with approximately ±1,500 locations across the United States.
  • Driven Brands operates more than 5,000 units including Take 5 Oil, Meineke Car Care, Maaco, 1-800-Radiator, CARSTAR and more.
  • Driven Brands has roughly 5,000+ locations throughout 14+ countries, and services more than 70+ million vehicles annually.

Photos

Location

Agents

Broker of Record

Cory Rosenthal

License # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017